Category: Auto Insurance

Full Coverage Auto Insurance: What It Is and Why You Need It

At Schneider Insurance Agency in Gahanna, OH, we recognize that you are seeking the most comprehensive coverage to protect your valuable vehicle as a car owner. Full coverage auto insurance can provide the peace of mind you need, ensuring your vehicle is protected in any circumstance.

When purchasing a new car, particularly if financing it through the dealership, a local bank, or a nationwide finance company, most will require "full coverage" insurance. But what exactly does that entail?

Understanding Full Coverage Insurance

Full coverage typically refers to a blend of comprehensive and collision coverage. Finance companies require full coverage to ensure that the vehicle can be repaired to its original condition in the event of any auto accident – whether you are at fault or not. This gives them confidence that should they have an accident and lack adequate insurance for the repairs, they will not default on their auto loan.

Collision Coverage Explained

Collision coverage pays for damages to your vehicle in the event of a collision with another vehicle or a solid object like a building or lamppost. You will need to pay a deductible, which is a predetermined sum agreed upon when you initiated your policy or endorsed it, whether that’s $500, $1000, etc. For instance, if the repair bill is $4000 and your deductible is $500, you would pay the first $500, and the insurance would cover the remaining $3500.

The Role of Comprehensive Coverage

Comprehensive coverage, also known as ‘Other Than Collision’ coverage, covers an extensive array of damages and losses to your vehicle, such as theft, fire, flooding, hail damage, falling objects, and collisions with animals. For example, if your car is stolen, caught in a fire, or flooded, comprehensive coverage would generally cover the cost of repair or replacement, less your deductible. Just like with collision coverage, you would be held responsible for paying a deductible.

We are Here to Help.

Speak with your insurance agents to fully understand full coverage and get a detailed list of what’s included and excluded in your auto insurance. At Schneider Insurance Agency in Gahanna, OH, we have the expertise and experience to guide you in making the most informed decision about insuring your vehicles, fulfilling your lienholder’s needs, protecting your wallet, and safeguarding your family. Call us today at (614) 471-8444. We are here to help.

Do you have liquid assets of $1 million or more in addition to the value of your home? If you do, you are in Ohio’s top 5%, the 261,000 households in the state with disposable assets of $1 million or more.

If you are one of these high net-worth individuals, the Ohio state minimum liability coverage for your car is absolutely not enough. Even higher-limit coverage of $100,000 per person and $300,000 per accident may not protect you from a super-sized judgment if you cause an accident that results in a death or serious injury and you are found liable by the court.

You may need umbrella insurance from Schneider Insurance Agency, which has been serving Neward and Gahanna, OH, and all of Central Ohio for over half a century.

What’s umbrella insurance?

Umbrella insurance gives you liability coverage beyond what you can get from any single policy. 

We routinely write policies for $5 million in umbrella coverage and even more for our high net-worth customers. You have to carry traditional auto or homeowner insurance to qualify for an umbrella policy, but if you do, we may be able to protect you from liability not just from catastrophic accidents in which you are found at fault but also for:

• Damage to rented vehicles you transport with your car, such as a boat.
• Your other policies don’t cover incidents such as pain and suffering or libel.
• Incidents in Canada or throughout the world.

Umbrella insurance premiums are a lot less than the potential losses they protect against.

You will usually need to get your umbrella insurance from the same insurance company as your other policies. This limits your ability to shop around for better rates, but your professional insurance agent can help you get the lowest total premiums for the coverage you need.

Whether you are in Newark, Gahanna, or anywhere in Ohio, the Schneider Insurance Agency represents the companies you need and has the expertise you need for your financial security. Call us today to discuss your umbrella policy!

Auto Insurance in Gahanna, OH: Know What Information to Provide

At Schneider Insurance Agency, we simplify the auto insurance process by providing you with details pertinent to insuring your vehicle in Gahanna, OH. Here are three types of information you need to provide when purchasing auto insurance.

Driver’s License Details

The first piece of information required by auto insurance providers is your driver’s license details, including your license number and expiration date. Be sure to have your license on hand when requesting a policy.

Vehicle Information

Insurance providers require information about the vehicle you aim to insure. This entails giving your insurance provider your vehicle’s make, model, year, and VIN. All necessary details can be found on your vehicle title, so keep it ready when purchasing auto insurance.

Details of Policy-covered Drivers

Only drivers listed on an auto insurance policy can count on coverage when operating the insured vehicle. If multiple individuals drive your vehicle, say your teenage children, make sure your insurance provider is aware. If you need coverage for an additional driver, discuss this with your provider to ensure all drivers are covered.

Get an Auto Insurance Quote from Schneider Insurance Agency

Contact us at Schneider Insurance Agency for a stress-free auto insurance policy procurement experience. Serving motorists in Gahanna, OH, we’re ready to help you understand auto insurance better than ever. Get in touch today to explore our auto insurance offerings.

At Schneider Insurance Agency, we believe there are both drawbacks and advantages to the no-fault insurance system that Gahanna, OH offers. For example, one pro is just how efficient the system is at processing insurance claims. Since you are part of a no-fault system, it won’t be necessary to wait for the outcome of lengthy investigations conducted by the local police. Every party simply pays for his or her own property damage and medical expenses. Claims are settled quickly, and compensation is received in a prompt manner.

Another advantage is that there are far fewer lawsuits clogging up the court systems that arise from auto accidents. Regardless of fault, drivers are reimbursed by their own insurance companies, so there really is no need to engage in legal battles to prove liability. And, because litigation costs are much lower in the Gahanna, OH area, many vehicle owners pay lower premiums than those in neighboring states. While lawsuits do still occur, they are usually only brought forth in matters of severe injuries.

That all said, there are some disadvantages to this system. For one, it can actually have the opposite effect and result in higher premiums for some. While the process was developed with the idea of streamlining everything for everyone involved, the costs of covering your own damages each time that you get into a traffic accident can get costly fast. That means some companies may charge all of their insured higher premiums to make up the difference.

However, perhaps the biggest setback associated with the no-fault system is the fact that it discourages responsible driving. Ohio law states that innocent victims must share the financial burdens of auto accidents with those who are culpable. Therefore, there really is no reward for being a careful and reliable driver.

Schedule A Consultation Today

If you are confused or have further questions about this tricky system, don’t hesitate to call us at Schneider Insurance Agency in Gahanna, OH. We would be happy to take your questions and provide you with the reassuring answers that you need.

Conventional wisdom says that when your teenager reaches driving age, you add them to your auto insurance. Here at Schneider Insurance Agency, we want you to know that making that choice may not suit your needs, and it could cost you more money.

Adding an adult, who also resides in Gahanna, OH may not hurt your premium costs, providing they have a good credit score and clean driving record. Adding a teen to your policy opens you to new risk factors, and this can increase your premiums. Teens exhibit some of the riskiest driving and have the least experience on the road.

A Better Solution for Teen Auto Insurance

Schneider Insurance Agency suggests a safer solution that can also help your teenager learn about adult responsibilities. Help your teen apply for their own auto insurance. They can obtain an auto policy in their own name. Have them pay for the premiums with their own money from an after-school job or savings.

This option protects you from increased risk factors and premium increases. It also teaches teens financial responsibility and provides them with a basis for establishing a credit record. By setting up an auto payment for the monthly premium, they build a record of paying a crucial bill on time.

Insurance companies don’t always report to credit bureaus, but they do when an individual misses a payment or lets their insurance lapse. Helping your teenager establish their own auto insurance policy helps them build a credit history while still in high school, and that can lead to lower interest rates on college or vocational school loans and credit cards.

Contact Us Today

Call or email Schneider Insurance Agency, serving Gahanna, OH to get your teenager’s application started before they hit the road. Let us help you protect your and your family’s financial security.

As insurance experts, we understand that car insurance can be a confusing topic to navigate. However, with the right auto insurance add-ons, you can create tailored coverage to meet your unique needs. That’s why we’ve compiled a list of the top auto insurance add-ons to boost your protection in Gahanna, OH.

Auto Insurance Add-Ons

Comprehensive Coverage

Comprehensive coverage extends an umbrella of protection to your vehicle and covers any damages caused by natural disasters, theft, or vandalism. Therefore, you can rest easy knowing you’re covered if a branch falls on your vehicle or if someone breaks into your car.

Uninsured Motorist Coverage

The resulting costs can be overwhelming if you’re involved in an accident with an uninsured or underinsured driver. We recommend adding uninsured motorist coverage to your auto insurance policy. This coverage can help pay for any medical expenses, vehicle repairs, or other damages the uninsured driver may have caused.

Personal Injury Protection

Personal Injury Protection (PIP) is an auto insurance add-on that can help cover your medical expenses, rehabilitation, and other costs associated with an accident, regardless of who’s at fault. This coverage can be beneficial if your health insurance doesn’t cover all the treatments for your injuries.

Roadside Assistance

We recommend adding roadside help to your auto insurance policy at Schneider Insurance Agency, as it can provide invaluable resources in case of a breakdown or an accident on the road. With this add-on, you’ll have access to 24/7 roadside assistance, which can help with everything from changing a tire to towing your vehicle to a nearby auto shop.

With these auto insurance add-ons added to your policy, you can be confident that you’re fully protected on the road. To learn more about insurance add-ons available in Gahanna, OH, contact our team at Schneider Insurance Agency for more info.

Ohio like most other states has mandated auto insurance coverage. You are required to carry liability insurance to protect other drivers from you. At Schneider Insurance Agency in Gahanna, OH, we make it our business to know the laws in the state and make sure you have the right amount of insurance to keep you legally on the road. 

Ohio auto insurance 

The amount of mandated liability is 25/50/25. That means $25,000 for injuries to one individual in the accident with $50,000 for all the injuries from the accident. Another $25,000 is for damage to property which includes the other vehicle. This is what is known as basic auto insurance. It may be enough for some people, but not for everyone.

If you have a vehicle lease or loan, you are not going to be able to get away with just having liability insurance. The bank or dealer holding the lease or loan will require that you have insurance on the vehicle itself. You will need to carry collision and comprehensive auto insurance to protect the vehicle. 

Collision coverage covers the vehicle in the event you are the cause of an accident or if you are a victim of a hit-and-run. It will pay to repair or replace your vehicle. 

Comprehensive coverage covers theft, vandalism, and an abundance of things other than a collision that can damage your vehicle

If you are like most people, you need your vehicle, and having just the required coverage will protect your assets, but it won’t replace your vehicle or repair it if you damage it. If you don’t have the money to repair or replace your vehicle, it is best to have the additional coverage you need. 

Reach Out To Us

Give the office of Schneider Insurance Agency in Gahanna, OH a call when you are in need of auto insurance. 

Especially in the winter, car accidents are terrible. Cold weather with a disabled car can be a frightening circumstance, but if you keep your wits about you, these tips from your insurance agents at Schneider Insurance Agency, serving the greater Gahanna, OH community, can help you get through the first hour after an accident.

What To Do After An Accident?

Get To The Side But Don’t Drive Away

If it’s possible, if your car can be driven, make sure that you get over to the shoulder so that traffic can pass freely. Do not drive your car away from the scene of an accident. Once you’re as safe as you can make yourself, call 911. Especially when you’re in traffic, the sooner police arrive the better. If your car can’t leave the roadway, the police will be able to cordon off the road behind you and around you, creating a lane of safe passage for other vehicles so you can get out.

Exchange Information With The Other Driver

You’ve been told this since you were in driver’s ed. When you’re in an accident you have to exchange insurance information with the other driver. It’s not just the law, it’s also a good idea. Your insurance agent at Schneider Insurance Agency serving Gahanna OH can help you know what information you need to share so that you can be on the road and get your vehicle towed quickly.

Don’t Admit Fault, but Be Courteous

Ohio is an at-fault state for auto accidents. Any admission of fault in the case of an auto accident will result in fault being assigned to you.

Take Photos To Document The Damage

Collisions are scary, but you need to make sure that the damage to your car and the other car is documented. You are responsible for all accident damage, but only the accident damage.

Get Auto Insurance Today

You don’t want to be without adequate coverage in case of an accident. Give our insurance experts at Schneider Insurance Agency in Gahanna, OH a call, and we’ll get you started.